September 29, 2016 10:40 AM ET

Healthcare Providers and Services

Company Overview of Brookdale Senior Living Inc.

Company Overview

Brookdale Senior Living Inc. owns and operates senior living communities in the United States. It operates through five segments: Retirement Centers, Assisted Living, Continuing Care Retirement Centers (CCRCs) – Rental, Brookdale Ancillary Services, and Management Services. The Retirement Centers segment owns or leases communities comprising independent living and assisted living units in a single community that are primarily designed for middle to upper income senior citizens. The Assisted Living segment owns or leases communities consisting of freestanding, multi-story communities, and freestanding single story communities, which offer housing and 24-hour assistance with activities of dail...

111 Westwood Place

Suite 400

Brentwood, TN 37027

United States

53,000 Employees

Phone:

615-221-2250

Fax:

615-221-2289

Key Executives for Brookdale Senior Living Inc.

Chief Executive Officer, President and Director
Age: 56
Total Annual Compensation: $953.7K
Chief Financial Officer
Age: 51
Total Annual Compensation: $1.0M
Chief Operating Officer
Age: 46
Total Annual Compensation: $1.1M
Chief Administrative Officer and Executive Vice President
Age: 57
Total Annual Compensation: $421.6K
Compensation as of Fiscal Year 2015.

Brookdale Senior Living Inc. Key Developments

Brookdale Senior Living Inc. Reports Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2016; Reports Asset Impairment Charges for the Quarter Ended June 30, 2016; Reaffirms Earnings Guidance for the Full Year 2016

Brookdale Senior Living Inc. reported consolidated earnings results for the second quarter and six months ended June 30, 2016. For the quarter, the company reported total revenue of $1,258,830,000 compared to $1,238,184,000 a year ago. Income from operations was $58,287,000 compared to loss from operations of $43,123,000 a year ago. Net loss attributable to common stockholders was $35,450,000 or $0.19 per basic and diluted share compared to $84,547,000 or $0.46 per basic and diluted share a year ago. Adjusted EBITDA was $201,478,000 compared to $188,359,000 a year ago. Net cash provided by operating activities was $107,496,000 compared to $100,767,000 a year ago. Recurring capital expenditures, net was $13,668,000 compared to $17,425,000 a year ago. For six months, the company reported total revenue of $2,521,986,000 compared to $2,486,065,000 a year ago. Income from operations was $99,641,000 compared to loss from operations of $159,996,000 a year ago. Net loss attributable to common stockholders was $84,225,000 or $0.45 per basic and diluted share compared to $214,998,000 or $1.17 per basic and diluted share a year ago. Net cash provided by operating activities was $177,839,000 compared to $110,824,000 a year ago. Additions to property, plant, and equipment and leasehold intangibles, net were $190,060,000 compared to $178,348,000 a year ago. Adjusted EBITDA was $384,222,000 compared to $376,678,000 a year ago. Recurring capital expenditures, net was $26,949,000 compared to $32,428,000 a year ago. The company reported asset impairment of $4,152,000 for the second quarter ended June 30, 2016. For the year 2016, the company reaffirming adjusted cash from facility operations guidance range, expressed on an aggregate basis, and is providing a recasted range for adjusted EBITDA using its new definition. The company expects adjusted cash from facility operations in a range of $455 million to $475 million. Full year Adjusted EBITDA, as newly redefined, is expected to be in a range of $870 million to $890 million, excluding integration, transaction, transaction-related and strategic project costs. Additionally, based on expected closings of certain transactions not originally included in revenue guidance, the Company expects full year senior housing and ancillary services revenue to be reduced by $25 million to $30 million, though the guidance range for such revenue remains at $4.2 billion to $4.3 billion. The company continues to expect its full year capital expenditures (excluding recurring capital expenditures that are included in cash from facility operations) to be in a range of $210 million to $220 million. The company's full year projected capital expenditure's guidance for no development CapEx remains at $230 million to $245 million, with developing CapEx or Program Max at approximately $45 million.

Brookdale Senior Living Inc. to Report Q2, 2016 Results on Aug 08, 2016

Brookdale Senior Living Inc. announced that they will report Q2, 2016 results at 5:00 PM, Eastern Standard Time on Aug 08, 2016

Brookdale Senior Living Inc., Q2 2016 Earnings Call, Aug 09, 2016

Brookdale Senior Living Inc., Q2 2016 Earnings Call, Aug 09, 2016

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